IOWA CREDIT UNION LEAGUE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- IOWA CREDIT UNION LEAGUE (EIN 83-0494970)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202133169349303888
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T10:23:23-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 LOCUST STREET SUITE 640 | AddressLine1Txt |
| City | DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 503092354 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830494970 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IOWA CREDIT UNION LEAGUE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IOWA | BusinessNameControlTxt |
| Phone | 5152213000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7745 OFFICE PLAZA DRIVE N STE 170 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL J POWERS | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 5152213000 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | POWERS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATHY FAIRCHILD | PreparerPersonNm |
| PTIN | P00222608 | PTIN |
| Phone | 5155586600 | PhoneNum |
| Preparation | 2021-11-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL J POWERS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7745 OFFICE PLAZA DRIVE N STE 170 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,817,444 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.IOWACREDITUNIONS.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1933 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $567,295 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,290,801 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,073,828 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $743,808 | CYProgramServiceRevenueAmt |
| PY Investment Income | $117,071 | PYInvestmentIncomeAmt |
| CY Investment Income | $782,835 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,758,194 | PYTotalRevenueAmt |
| CY Total Revenue | $2,817,444 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,450 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,925 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $530,416 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $529,576 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,568,040 | PYOtherExpensesAmt |
| CY Other Expenses | $4,293,847 | CYOtherExpensesAmt |
| PY Total Expenses | $4,102,906 | PYTotalExpensesAmt |
| CY Total Expenses | $4,827,348 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,344,712 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,009,904 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $111,062,979 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,516,210 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,521,268 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,101,016 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $109,541,711 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $109,415,194 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE IOWA CREDIT UNION LEAGUE (ICUL) IS THE NON-PROFIT TRADE ASSOCIATION THAT REPRESENTS THE INTERESTS OF IOWA'S CREDIT UNIONS. ICUL WAS ESTABLISHED IN 1933 AND CONTINUES TO FOCUS ON OUR MISSION "TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED." ICUL PROVIDES THE FOLLOWING SERVICES TO IOWA CREDIT UNIONS: LEGISLATIVE ADVOCACY, REGULATORY COMPLIANCE, PUBLIC AFFAIRS, PROFESSIONAL DEVELOPMENT AND MANAGEMENT CONSULTING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | LEGISLATIVE ADVOCACY - WORK TO SECURE A FAIR AND FAVORABLE LEGISLATIVE ENVIRONMENT FOR IOWA CREDIT UNIONS THROUGH PROFESSIONAL LOBBYING, COALITION BUILDING, GRASSROOTS ORGANIZATION AND THE CREDIT UNION POLITICAL ACTION COMMITTEE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REGULATORY COMPLIANCE - MONITOR REGULATORY ISSUES, FIELD COMPLIANCE QUESTIONS AND PROVIDE STRATEGIC DIRECTION CONCERNING CREDIT UNION COMPLIANCE ISSUES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PUBLIC AFFAIRS AND MARKETING - THE PUBLIC RELATIONS AND MARKETING DEPARTMENT WORKS CLOSELY WITH CREDIT UNIONS TO DISSEMINATE PERTINENT INFORMATION TO THE MEDIA AND COMMUNITY ABOUT IOWA CREDIT UNIONS AND NEW DEVELOPMENTS IN THE INDUSTRY. ALSO SERVES AS THE RESOURCE FOR COMMUNITY AND MEDIA RELATIONS, MARKETING THE CREDIT BRAND, AND THE ANNUAL ADVOCACY CAMPAIGN. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| DescDesc |
|---|
| PROFESSIONAL DEVELOPMENT - THE LEAGUE, IN PARTNERSHIP WITH CUNA, HOLDS NUMEROUS PROFESSIONAL DEVELOPMENT SEMINARS EACH YEAR FOR IOWA CREDIT UNIONS TO HELP THEM LEARN MORE ABOUT HOW TO BEST SERVE THEIR MEMBERS. THE EDUCATION DEPARTMENT HELPS ORGANIZE THE ANNUAL CONVENTION. |
| MANAGMENT CONSULTATION - THE MANAGEMENT CONSULTANTS AT ICUL ARE STRATEGIC PARTNERS WITH INDIVIDUAL CREDIT UNIONS TO HELP THEM IDENTIFY GOALS AND CHALLENGES, AND PREPARE FOR THE FUTURE DEVELOPMENT OF THEIR CREDIT UNION. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 18 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 9 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J POWERS CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5152213000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7745 OFFICE PLAZA DRIVE N STE 170 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| MURRAY WILLIAMS | |||||||||
| CEO | 10.00 | 30.00 | Yes (X) | $0 | $724,879 | $144,682 | |||
| PATRICK JURY | |||||||||
| FORMER CEO | 0.00 | 0.00 | $0 | $558,523 | $11,156 | Yes (X) | |||
| MICHAEL J POWERS | |||||||||
| CFO | 8.00 | 32.00 | Yes (X) | $0 | $466,614 | $96,362 | |||
| ANDREA DOSE | |||||||||
| VICE PRESIDENT | 40.00 | 0.00 | $0 | $122,294 | $37,906 | Yes (X) | |||
| JAMES NIEDERHAUSER | |||||||||
| COO/SEC (UNTIL 06/20) | 40.00 | 0.00 | Yes (X) | $0 | $109,444 | $23,289 | |||
| HELEN PEARCE | |||||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $9,000 | $0 | Yes (X) | |||
| DALE OWEN | |||||||||
| VICE CHAIRMAN (UNTIL 11/20) | 1.00 | Yes (X) | $0 | $12,000 | $0 | Yes (X) | |||
| MATT DODDS | |||||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| BRAD MERTENS | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| DAVE CALE | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| JAMI WEEMS | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| MARK PETERS | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| SCOTT ZAHNLE | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| JEFF HAYES | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| JULIE PINGEL | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| MIKE MORONEY | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| CINDY STEPHENSON | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| GREG HANSHAW | |||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,002,754 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $313,395 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAM MARKETING SERVICES | |||||
| PO BOX 71695 | DES MOINES | IA | 50325 | MARKETING SERVICES | $855,136 |
| POLICYWORKS-IOWA | |||||
| 7745 OFFICE PLAZA DRIVE N SUITE 17 | WEST DES MOINES | IA | 50266 | LOBBYING & PUBLIC AFFAIRS | $842,826 |
| CREDIT UNION NATIONAL ASSOCIATION | |||||
| PO BOX 78546 | MILWAUKEE | WI | 532780546 | NATIONAL TRADE ASSOCIATION FOR CREDIT UN | $557,798 |
| HAWTHORNE BUILDING LLC | |||||
| PO BOX 310061 | DES MOINES | IA | 503310061 | OFFICE RENT | $545,870 |
| POLICY WORKS | |||||
| 7745 OFFICE PLAZA DRIVE N SUITE 17 | WEST DES MOINES | IA | 50266 | COMPLIANCE CONSULTING | $411,678 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,290,801 | AllOtherContributionsAmt |
| Total Contributions | $1,290,801 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 561000 | $619,820 | $619,820 |
| ANNUAL MEETING | 561000 | $97,338 | $97,338 |
| SERVICE FEES | 561000 | $26,650 | $26,650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $743,808 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,835 | TotalRevenueColumnAmt |
| Exclusion | $32,835 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $750,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $750,000 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $750,000 | TotalRevenueColumnAmt |
| Exclusion | $750,000 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,817,444 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $743,808 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $782,835 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,925 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,134 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,226 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,641 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,742 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,833 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,376 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,414 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,124 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,444,582 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,422 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,045 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,276 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,353 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,288 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,747 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,135 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,315 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| SUPPORT SERVICES | $595,351 |
| CU SYSTEM DEVELOPMENT | $68,154 |
| MISCELLANEOUS EXPENSES | $18,265 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,827,348 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,662,758 | BOYAmt |
| EOY | $5,420,462 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,054,113 | BOYAmt |
| EOY | $85 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,442 | BOYAmt |
| EOY | $134,668 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $141,178 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $141,178 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,500 | BOYAmt |
| EOY | $172,500 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,105,062 | BOYAmt |
| EOY | $104,788,448 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104 | BOYAmt |
| EOY | $47 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,062,979 | BOYAmt |
| EOY | $110,516,210 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,411,159 | BOYAmt |
| EOY | $988,980 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,109 | BOYAmt |
| EOY | $112,036 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,521,268 | BOYAmt |
| EOY | $1,101,016 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,541,711 | BOYAmt |
| EOY | $109,415,194 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,541,711 | BOYAmt |
| EOY | $109,415,194 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,062,979 | BOYAmt |
| EOY | $110,516,210 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,009,904 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,883,387 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | Yes (1) | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, PART IV, LINE 5 | FormAndLineReferenceDesc |
| Explanation | PURSUANT TO REV. PROC. 98-19, EXEMPT FROM 6033(E) DISCLOSURE AS ALL MEMBERS UNDER IRC SECTION 501(A), NOT SECTION 501(C)(4)/(5)/(6). | ExplanationTxt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,668 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,668 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $138,510 | OtherCostOrOtherBasisAmt |
| Depreciation | $138,510 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $104,738,980 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN CREDIT UNION HOUSE LLC | $40,988 | C |
| INVESTMENT IN CUNA STRATEGIC SERVICES | $8,480 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $104,788,448 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COMPANY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS EVALUATED THE MATERIAL TAX POSITIONS AND DETERMINED NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MURRAY WILLIAMS | ||||||||||||||
| CEO | $0 | $499,854 | $0 | $172,234 | $0 | $52,791 | $0 | $119,627 | $0 | $25,055 | $0 | $869,561 | $0 | $44,118 |
| PATRICK JURY | ||||||||||||||
| FORMER CEO | $0 | $175,000 | $0 | $0 | $0 | $383,523 | $0 | $0 | $0 | $11,156 | $0 | $569,679 | $0 | $0 |
| MICHAEL J POWERS | ||||||||||||||
| CFO | $0 | $322,416 | $0 | $99,118 | $0 | $45,080 | $0 | $79,671 | $0 | $16,691 | $0 | $562,976 | $0 | $34,261 |
| ANDREA DOSE | ||||||||||||||
| VICE PRESIDENT | $0 | $99,746 | $0 | $19,463 | $0 | $3,085 | $0 | $13,552 | $0 | $24,354 | $0 | $160,200 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE COMPENSATION COMMITTEE WHICH OVERSEES THE COMPENSATION OF THE CEO IS COMPRISED OF ALL OUTSIDE DIRECTORS OF AFFILIATES MANAGEMENT COMPANY. |
| PART I, LINES 4A-B | MICHAEL J. POWERS AND MURRAY WILLIAMS PARTICIPATED IN A NON QUALIFIED DEFERRED COMPENSATION PLAN. EMPLOYER CONTRIBUTIONS IN 2020 AMOUNTED TO THE FOLLOWING: MURRAY WILLIAMS $92,405 MICHAEL J. POWERS $51,171 DISTRIBUTIONS FROM THE PLAN AMOUNTED TO THE FOLLOWING: MURRAY WILLIAMS $44,118 MICHAEL J. POWERS $34,261 |
| PART II | THE IOWA CREDIT UNION LEAGUE ("ICUL") IS A TAX-EXEMPT 501C(6) MEMBER-BASED BUSINESS LEAGUE WHICH SERVES AS A TRADE ASSOCIATION FOR ALL IOWA CREDIT UNIONS. ICUL IS THE SOLE OWNER OF AFFILIATES MANAGEMENT COMPANY ("AMC") WHICH IS A TAXABLE FOR-PROFIT IOWA CORPORATION. AMC IS IN THE BUSINESS OF OWNING SEVERAL FOR-PROFIT OPERATING SUBSIDIARIES. THE CHIEF EXECUTIVE OFFICER ("CEO") OF ICUL ALSO SERVES AS CEO OF AMC. ACCORDINGLY, THE CEO AND OTHER MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM HAVE RESPONSIBILITIES FOR AND ARE COMPENSATED BY BOTH ICUL AND AMC. THE COMPENSATION AMOUNTS THAT ARE DISCLOSED HEREIN ARE SHOWN ON A CONSOLIDATED BASIS AND REFLECT AMOUNTS PAID BY BOTH ICUL AND AMC. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DALE OWEN, HELEN PEARCE, MURRAY WILLIAMS, AND MICHAEL J. POWERS SERVED AS OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF AFFILIATES MANAGEMENT COMPANY, A 100% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. MURRAY WILLIAMS IS A DIRECTOR AND MICHAEL J. POWERS IS A CEO OF AMC FS INC., A 82.47% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. |
| FORM 990, PART VI, SECTION A, LINE 3 | AMC EMPLOYEE BENEFITS COMPANY LLC, A 100% OWNED RELATED ENTITY, IS THE PAYROLL AGENT FOR THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THIS ORGANIZATION HAS TRADE ASSOCIATION MEMBERS. THESE MEMBERS MAY BE DIVIDED INTO TWO CLASSES: REGULAR MEMBERS AND ASSOCIATE MEMBERS. REGULAR MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS INCORPORATED IN THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED. ASSOCIATE MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS LOCATED OUTSIDE THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED, AND ANY OTHER MEMBERS THAT THE BOARD OF DIRECTORS AUTHORIZES FOR MEMBERSHIP. REGULAR MEMBERS SHALL HAVE VOTING RIGHTS: ASSOCIATE MEMBERS SHALL NOT HAVE VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT LEAST FIVE MONTHS PRIOR TO THE LEAGUE'S ANNUAL MEETING, THE LEAGUE WILL SEND TO ALL MEMBERS THE FOLLOWING: 1) A REPORT OF EACH MEMBER'S RESPECTIVE ASSET CATEGORY, BASED ON THE MOST RECENT CALL REPORT DATA; 2) A NOMINATION FORM INDICATING: (A) THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN EACH RESPECTIVE ASSET CATEGORY AT THE UPCOMING ELECTION; AND (B) ANY OPEN BOARD AT-LARGE BOARD POSITION(S) TO BE FILLED AT THE UPCOMING ELECTION. THE BOARD OF DIRECTORS OF ANY MEMBER CREDIT UNION MAY NOMINATE ONE (1) OF THAT CREDIT UNION'S EMPLOYEES AS A CANDIDATE TO THE LEAGUE BOARD PROVIDED (1) THE EMPLOYEE IS EITHER THE CHIEF EXECUTIVE OFFICER ("CEO") OR AN EMPLOYEE WHO DIRECTLY REPORTS TO THE CEO AND MANAGES OTHER EMPLOYEES OF THAT CREDIT UNION; (2) NEITHER THE EMPLOYEE, NOR THE EMPLOYEE'S FAMILY MEMBER (SPOUSE, PARTNER AND/OR CHILD) IS CURRENTLY NOR HAS BEEN IN THE PRIOR THREE YEARS AN EMPLOYEE OF THE LEAGUE OR ITS AFFILIATES OR SUBSIDIARIES; (3) THE CREDIT UNION FALLS WITHIN THE ASSET CATEGORY IN WHICH THERE WILL BE A VACANCY AT THE ENSUING ANNUAL MEETING, EXCEPT IN THE CASE OF A VACANCY FOR AN AT-LARGE MEMBER, IN WHICH CASE THE CREDIT UNION'S ASSET SIZE IS IMMATERIAL; (4) THE CREDIT UNION DOES NOT ALREADY HAVE A MEMBER ON THE BOARD, UNLESS THE CURRENT DIRECTOR'S TERM IS EXPIRING OR IS NOT SEEKING REELECTION; AND (5) THAT CREDIT UNION HAS BEEN A MEMBER OF THE IOWA CREDIT UNION LEAGUE IN GOOD STANDING FOR THE IMMEDIATELY PRIOR THREE CONSECUTIVE YEARS. WITHIN THIRTY (30) DAYS FOLLOWING THE LEAGUE'S DISTRIBUTION OF A NOMINATION FORM TO MEMBERS, EACH MEMBER SHALL SUBMIT ITS NOMINATION, IF ANY, TO THE LEAGUE BY RETURNING THE COMPLETED NOMINATION FORM. THE LEAGUE WILL USE THE SUBMITTED NOMINATION FORMS TO COMPILE THE LIST OF CANDIDATES FOR OPEN BOARD POSITION(S) IN EACH ASSET CATEGORY, AS WELL AS ANY OPEN BOARD POSITION(S) IN THE AT-LARGE CATEGORY. EACH NOMINEE, PRIOR TO BEING INCLUDED ON THE BALLOT OR LIST OF CANDIDATES FOR THE OPEN BOARD POSITIONS, MUST SUCCESSFULLY COMPLETE A BACKGROUND CHECK IN ACCORDANCE WITH CRITERIA AND PROCEDURES AS ESTABLISHED BY THE BOARD OF DIRECTORS. WITHIN THIRTY (30) DAYS FOLLOWING THE DEADLINE FOR THE SUBMISSION OF NOMINATION FORMS TO THE LEAGUE, THE LEAGUE SHALL SEND TO ALL MEMBERS THE LIST OF CANDIDATES FOR THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN THEIR RESPECTIVE ASSET CATEGORY, AS WELL AS ANY CANDIDATES FOR OPEN AT-LARGE POSITIONS. EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST A VOTE FOR EACH DIRECTOR TO BE ELECTED IN ITS RESPECTIVE ASSET CATEGORY, AND ALSO SHALL BE ENTITLED TO CAST A VOTE FOR EACH AT-LARGE DIRECTOR TO BE ELECTED. A NOMINEE MUST RECEIVE A MAJORITY OF THE VOTES CAST IN ORDER TO BE DECLARED ELECTED. WITHIN THIRTY (30) DAYS FOLLOWING THE DEADLINE FOR THE LEAGUE TO SEND THE LIST OF CANDIDATES TO EACH MEMBER, EACH MEMBER WILL SEND ITS VOTE(S) TO THE LEAGUE FOR TABULATION. IN THE EVENT A NOMINEE DOES NOT RECEIVE A MAJORITY OF THE VOTES CAST, THE TWO (2) NOMINEES, OR MORE, SHOULD THERE BE A TIE VOTE, RECEIVING THE GREATEST NUMBER OF VOTES SHALL AGAIN BE BALLOTED PRIOR TO THE ANNUAL MEETING AND THE ONE RECEIVING THE MAJORITY NUMBER OF VOTES SHALL BE DECLARED ELECTED. IN THE EVENT OF A TIE VOTE WHICH CANNOT BE RESOLVED AMONG: (A) TWO (2) NOMINEES IN THE SAME ASSET CATEGORY; OR (B) TWO (2) NOMINEES IN THE AT-LARGE CATEGORY , SUCH DIRECTORSHIP SHALL BE RESOLVED BY THE DELEGATES ASSEMBLED AT THE NEXT ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FISCAL YEAR OF THE LEAGUE SHALL BE ESTABLISHED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. THE ANNUAL MEETING SHALL BE HELD ON A DATE TO BE SET BY THE BOARD OF DIRECTORS. HOWEVER, THE BOARD OF DIRECTORS MAY CANCEL ANY ANNUAL MEETING FOR JUST CAUSE. THE PLACE OF THE NEXT ANNUAL MEETING SHALL BE DETERMINED BY THE DELEGATES AT THE ANNUAL MEETING, OR THE DELEGATES MAY ASSIGN SUCH CHOICE TO THE BOARD OF DIRECTORS. AT LEAST SIXTY (60) DAYS PRIOR THERETO, THE PRESIDENT SHALL NOTIFY EACH MEMBER THEREOF IN WRITING OF THE DATE, PLACE AND HOUR OF THE MEETING. AT ALL MEETINGS EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST TWO (2) VOTES ON ALL QUESTIONS. SAID VOTES SHALL BE CAST BY ONE (1) OR TWO (2) DELEGATES OR ALTERNATES WHO MUST BE MEMBERS OF THE CREDIT UNION, AND WHO HAVE BEEN SELECTED BY THAT CREDIT UNION'S BOARD OF DIRECTORS, WHICH SELECTION SHALL BE CERTIFIED TO THE LEAGUE BOARD OF DIRECTORS PRIOR TO EACH MEETING. ONLY DELEGATES OR ALTERNATES SO CERTIFIED SHALL HAVE THE PRIVILEGE OF VOTING AT ANY MEETING. THERE SHALL BE NO VOTING BY PROXY. AT EACH ANNUAL MEETING, COUNSEL TO THE LEAGUE SHALL CAUSE THE CREDENTIALS OF THE DELEGATES AND ALTERNATES ATTENDING THE ANNUAL MEETING TO BE CERTIFIED. IT SHALL FURTHER BE THE DUTY OF THE COUNSEL TO CAUSE A REPORT TO BE PRESENTED TO THE CHAIRPERSON REGARDING THE DELEGATES AND ALTERNATES PRESENT. SPECIAL MEETINGS OF THE MEMBERS MAY BE CALLED BY THE PRESIDENT, A TWO-THIRDS (2/3) VOTE OF THE BOARD OF DIRECTORS OR SHALL BE CALLED UPON THE REQUEST, IN WRITING, OF TWENTY-FIVE PERCENT (25%) OR MORE OF MEMBER CREDIT UNIONS, PROVIDED THE REQUESTING CREDIT UNIONS COME FROM MORE THAN ONE (1) ASSET CATEGORY (AS REFERRED TO IN ARTICLE IV, SECTION 2, OF THESE BYLAWS). NOTICE OF ANY SPECIAL MEETING SHALL CONTAIN A STATEMENT OF THE PURPOSES OF THE MEETING AND ONLY THE BUSINESS SPECIFIED IN THE CALL MAY BE ACTED UPON AT SUCH MEETING. EACH MEMBER CREDIT UNION SHALL BE GIVEN AT LEAST FIFTEEN (15) DAYS WRITTEN NOTICE OF THE DATE, PLACE AND HOUR OF ALL SPECIAL MEETINGS. AT ALL REGULAR OR SPECIAL MEETINGS TEN PERCENT (10%) OR MORE OF THE MEMBER CREDIT UNIONS SHALL CONSTITUTE A QUORUM. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO THE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IOWA CREDIT UNION LEAGUE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY ANNUALLY REVIEWING THE POLICY WITH BOARD MEMBERS AND HAVING THEM SIGN THE FORM EACH YEAR. ADHERANCE TO THE POLICY IS MONITORED BY FELLOW BOARD MEMBERS AND EXECUTIVE MANAGEMENT THROUGHOUT THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15A | AFFILIATES MANAGMENT COMPANY (AMC) IS A 100% OWNED RELATED ENTITY OF THE IOWA CREDIT UNION LEAGUE (ICUL). THE AMC BOARD OF DIRECTORS HAS FORMED A COMPENSATION COMMITTEE TO REVIEW MARKET DATA COMPILED BY AN INDEPENDENT THIRD PARTY AND OTHER RELEVANT INFORMATION TO DESIGN THE COMPENSATION PLAN FOR THE CEO. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION PLAN FOR THE CEO ON AN ANNUAL BASIS. A REVIEW BY AN INDEPENDENT THIRD PARTY IS REQUIRED BY POLICY TO BE PERFORMED NO LESS THAN ONCE EVERY THREE YEARS. THE MOST RECENT REVIEW BY THE INDEPENDENT THIRD PARTY WAS PERFORMED IN 2019. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FORM 990 RETURNS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | EQUITY EARNINGS OF AFFILIATES MANAGEMENT COMPANY, INC. -5,823,585. EQUITY EARNINGS OF AMC ASSET HOLDINGS, LLC 6,362,191. EQUITY EARNINGS OF AMC REAL ESTATE HOLDINGS, LLC 708,726. CUMULATIVE CURRENCY TRANSLATION 361,386. EQUITY ADJUSTMENT IN SUBSIDIARY 274,669. |
| FORM 990, PART I, LINE 6: EXPLANATION OF VOLUNTEERS | 11 MEMBERS SERVED ON THE ORGANIZATION'S BOARD OF DIRECTORS DURING THE YEAR AND ARE CONSIDERED VOLUNTEERS. THERE ARE ALSO 9 OTHER INDIVIDUALS WHO WORK ON COMMITTEES AS VOLUNTEERS. NO BOARD OR COMMITTEE MEMBERS RECEIVED ANY COMPENSATION, WITH THE EXCEPTION OF INDIVIDUALS SERVING AS BOARD MEMBERS OF AFFILATES MANAGEMENT COMPANY WHO RECEIVE DIRECTORS FEES AT A RATE OF $3,000 PER QUARTER. HELEN PEARCE AND DALE OWEN SERVED ON THE AFFILIATES MANAGEMENT COMPANY BOARD AND RECEIVED DIRECTORS FEES. MURRAY WILLIAMS SERVED ON THE BOARD OF AFFILATES MANAGEMENT COMPANY BUT RECEIVED NO DIRECTOR FEES. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| CU STRUCTURED FINANCE LLC | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 273552312 | BUSINESS SERVICES | IA | $0 | AMC FS INC |
| COOPERA CONSULTING | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 900340857 | CONSULTING SERVICES | IA | $71,636 | AFFILIATES MANAGEMENT COMPANY |
| AMC ASSET HOLDINGS | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 384028982 | HOLDING COMPANY | IA | $62,002,772 | IOWA CREDIT UNION LEAGUE |
| AMC REAL ESTATE HOLDINGS | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 364862387 | HOLDING COMPANY | IA | $7,247,336 | IOWA CREDIT UNION LEAGUE |
| AMC EMPLOYEE BENEFITS COMPANY LLC | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 421290173 | BUSINESS SERVICES | IA | $158,856 | AFFILIATES MANAGEMENT COMPANY |
| POLICYWORKS - IOWA LLC | ||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 364807307 | LOBBYING & REGULATORY SERVICES | IA | $370,831 | AFFILIATES MANAGEMENT COMPANY |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNION POLITICAL ACTION COMMITTEE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7745 OFFICE PLAZA DRIVE N SUITE 170 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421224090 | EIN |
| Primary Activities | POLITICAL ACTION COMMITTEE | PrimaryActivitiesTxt |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Exempt Code Section | 527 | ExemptCodeSectionTxt |
| Public Charity Status | N/A | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| POLICYWORKS LLC (NKA VICLARITY LLC) | |||||||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 204130529 | LOBBYING & REGULATORY SERVICES | IA | AFFILIATES MANAGEMENT COMPANY | UNRELATED | -$221,320 | $5,319,962 | Yes (1) | 0 | 0.55000 |
| COMMUNITY BUSINESS LENDERS LLC | |||||||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 342033742 | BUSINESS SERVICES | IA | AFFILIATES MANAGEMENT COMPANY | UNRELATED | 0 | Yes (1) | 0.53000 | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMC FS INC | |||||||||||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 743203348 | CREDIT CARD SERVICES | IA | AFFILIATES MANAGEMENT COMPANY | C | $913,878 | $212,143 | 0.82470 | 0 | |||||
| AFFILIATES MANAGEMENT COMPANY | |||||||||||||||||
| 7745 OFFICE PLAZA DRIVE N SUITE 170 | WEST DES MOINES | IA | 50266 | 364861424 | HOLDING COMPANY | IA | IOWA CREDIT UNION LEAGUE | C | $6,159,636 | $45,788,060 | 1.00000 | 0 | |||||
| FIRST COMMUNITY TRUST | |||||||||||||||||
| 3385 HILLCREST ROAD | DUBUQUE | IA | 52002 | 421512084 | TRUST BANKING ASSOCIATION | IA | AFFILIATES MANAGEMENT COMPANY | C | $5,402,661 | $13,581,425 | 1.00000 | 0 | |||||
| POLICYWORKS GRC LTD | |||||||||||||||||
| TECHNOLOGY SOLUTIONS | 0 | TOM CREAN BUSINESS CENTRE | COUNTY KERRY | EI | EI | N/A | |||||||||||
| YOUCOMPLY LTD | |||||||||||||||||
| TECHNOLOGY SOLUTIONS | 0 | TOM CREAN BUSINESS CENTRE | COUNTY KERRY | EI | EI | N/A | |||||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| AFFILIATES MANAGEMENT COMPANY (AMC) | ||
| K | $36,288 | GAAP |
| COOPERA CONSULTING (SUBSIDIARY OF AMC) | ||
| M | $58,858 | GAAP |
| AMC EMPLOYEE BENEFITS COMPANY (SUBSIDIARY OF AMC) | ||
| O | $495,309 | GAAP |
| AFFILIATES MANAGEMENT COMPANY (AMC) | ||
| M | $857,224 | GAAP |
| AMC EMPLOYEE BENEFITS COMPANY (SUBSIDIARY OF AMC) | ||
| M | $22,780 | GAAP |
| AFFILIATES MANAGEMENT COMPANY - VICLARITY (FKA POLICYWORKS) | ||
| M | $392,546 | GAAP |
| AFFILIATES MANAGEMENT COMPANY - POLICYWORKS - IOWA | ||
| M | $580,617 | GAAP |